The uptick in AUD/NZD supported AUD/USD,.....>

AUSSIE: The uptick in AUD/NZD supported AUD/USD, which last trades unchanged at

~$0.7110.

- The Aussie also drew modest support from the headlines which noted that NAB

will not be following Westpac, CBA & ANZ, and as such will keep its variable

mortgage rate on hold.

- A speech from RBA's Bullock offered little fresh insight into MonPol, as she

stated that Australia's "household debt situation is not as severe as the

numbers suggest" and that "households have scope to meet higher mortgage

repayments."

- Bears look for a clean break of $0.7100, after a look below the figure in

early illiquid dealing this week, with their focus on the 1.618% swing target at

$0.7092. Bulls need a break back above $0.7305/10 to alter the short-term

outlook in their favour.

- The AU labour market report and NAB business survey present the major focal

points on the AU docket this week.